San Miguel Corporation · PSE:SMC
San Miguel — Q1 2015 Earnings Presentation
18 slides from San Miguel's earnings presentation, May 14, 2015
Slide 1: Letter to Philippine Stock Exchange
May 14, 2015 PHILIPPINE STOCK EXCHANGE, INC. Disclosure Department 3rd Floor, Philippine Stock Exchange Center Ayala Triangle, Ayala Avenue Makati City Attention: Ms. Janet A. Encarnacion Head, Disclosure Department Subject: SMC Investors’ Briefing for the First Quarter 2015 Results Gentlemen: We ar
Slide 2: Investors' Briefing First Quarter 2015 Results
INVESTORS’ BRIEFING FIRST QUARTER 2015 RESULTS 14 May 2015
Slide 3: Series 1 Preferred Shares Re-issuance and Private Placement
SERIES 1 PREFERRED SHARES RE-ISSUANCE AND PRIVATE PLACEMENT OF 279,406,667 SHARES • ISSUE PRICE OF P75 • DIVIDEND RATE OF 5.635%
Slide 4: San Miguel Corporation
SAN MIGUEL CORPORATION FIRST QUARTER 2015 IN BILLION PESOS 2015 2014 CHANGE Net Sales 159.2 194.9 -18% Income from Operations 16.6 15.6 6% Reported Net Income 6.0 6.0 0% EBITDA 22.4 21.6 4%
Slide 5: San Miguel Brewery Inc.
SAN MIGUEL BREWERY INC. FIRST QUARTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 18,883 17,561 8% Income from Operations 5,166 4,678 10% Net Income 3,265 2,730 20% Volume (in million cases) 47.4 46.6 2%
Slide 6: Acquisition of NAB Assets
ACQUISITION OF NAB ASSETS TOTAL PURCHASE PRICE PAID FOR THE NON- ALCOHOLIC BEVERAGE (NAB) ASSETS: P397.89 MILLION (VAT-EX)
Slide 7: Ginebra San Miguel Inc.
GINEBRA SAN MIGUEL INC. FIRST QUARTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 3,667 3,595 2% Income from Operations 94 44 115% Volume (in million cases) 5.0 5.1 -3%
Slide 8: San Miguel Pure Foods Company Inc.
SAN MIGUEL PURE FOODS COMPANY INC. FIRST QUARTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 25,091 24,229 4% Income from Operations 1,468 1,335 10% Net Income 911 851 7%
Slide 9: San Miguel Pure Foods Company Inc. – Revenues by Major Segments
SAN MIGUEL PURE FOODS COMPANY INC. FIRST QUARTER 2015 Revenues- Major Segments AGRO-INDUSTRIAL & BRANDED MILLING VA L U E - A D D E D 4% 11% 19,893 5,408 4,880 19,137 2014 2015 2014 2015
Slide 10: San Miguel Yamamura Packaging Group
SAN MIGUEL YAMAMURA PACKAGING GROUP FIRST QUARTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 5,811 5,573 4% Income from Operations 479 439 9%
Slide 11: SMC Global Power Holdings Corp.
SMC GLOBAL POWER HOLDINGS CORP. FIRST QUARTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 19,757 19,959 -1% Income from Operations 6,834 6,640 3% Offtake Volume (in ‘000 GWh) 3.8 4.1 -7%
Slide 12: Greenfield Power Projects
GREENFIELD POWER PROJECTS M A L I TA 2 X 1 5 0 M W POWER PLANT L I M AY 2 X 1 5 0 M W POWER PLANT
Slide 13: Petron Corporation
PETRON CORPORATION FIRST QUARTER 2015 IN MILLION PESOS 2015 2014 CHANGE Net Sales 86,744 125,174 -31% Income from Operations 2,967 3,423 -13% Net Income 257 2,225 -88% Volume (MBD) 22.9 20.8 10%
Slide 14: Petron Projects
PETRON PROJECTS RMP 2: Ongoing stabilization and optimization at ~150KBD utilization SERVICE STATION EXPANSION AND UPGRADE: PH: approximately 2,200 stations MA: 550 stations rebranded; 20 service stations under construction
Slide 15: San Miguel Holdings Corp. - Infrastructure
SAN MIGUEL HOLDINGS CORP. - INFRASTRUCTURE FIRST QUARTER CONTRIBUTION REVENUES: P2.9 BILLION* AVERAGE DAILY TRAFFIC NO. OF VEHICLES 1Q2015 SLEX 266,769 SKYWAY STAGES 1 AND 2 239,584 STAR TOLLWAYS 39,152 TPLEX 11,671 *Contribution of SLEX and Skyway 1 and 2 is only for the month of March
Slide 16: San Miguel Holdings Corp. - Infrastructure Project Updates
SAN MIGUEL HOLDINGS CORP. - INFRASTRUCTURE PROJECT UPDATES: NAIA EXPRESSWAY 240 of 478 columns completed SKYWAY STAGE 3 Ongoing construction of Sections 1-4 BORACAY AIRPORT Substantial completion of runway extension
Slide 17: SMC Financial Position
SMC FINANCIAL POSITION IN BILLION PESOS Mar 2015 Dec 2014 Total Assets 1,242 1,217 Cash 235 259 Interest-bearing Debt 511 483 Current Ratio 1.47x 1.52x Debt-to-Equity Ratio 2.19x 2.12x Interest-bearing Debt to Equity Ratio 1.31x 1.24x Net-Debt-to-EBITDA 2.54x 2.36x
Slide 18: Thank You
THANK YOU Visit our websites: San Miguel Corporation www.sanmiguel.com.ph San Miguel Brewery Inc. www.sanmiguelbrewery.com.ph Ginebra San Miguel Inc. www.ginebrasanmiguel.com San Miguel Pure Foods Co. Inc. www.sanmiguelpurefoods.com Petron Corporation www.petron.com Contact us: SMC Investor Relation